I highlight the following because it happens very rarely, the experience literally brought me to tears.

Even if you have a project designed for you the design still needs to be brought to a structural engineer for structural calculations and structural drawings in order to present your project to your local building department for approval.

I had a chapter 7 bankruptcy 2 years ago and brought the homes thru that. 

A wholesaler brought me two others.  

I should clarify that this will be a flip, and I would be DIY'ing the wall (I'm formerly a carpenter and this particular wall would be an easy one with regard to the great points you brought up).

The huge repair was definitely a red flag that made us worried for the rest of the house, but after the inspection we brought in a few other experts (structural engineer, masonry contractor) who gave us some encouraging assessments.We ended up getting another $5k off and are going to move forward.

Sean, the issue you could run into is if a lawsuit is brought to you naming the LLC. 

We brought in a partner and basically syndicated it like you would with an apartment (it was actually a TIC, but that's a long story), which is probably the best way to do the deal.

I've had issues with lenders assuming that I know all their secret little rules lol like on my last deal, I brought a third loan to my lender (I purchase long term rental BRRRR condos here on Maui) and he said "oh sorry, we don't give more than 2 loans in a given condo building".

Have any of you done a partnership where you've done all the work and someone else has brought all the cash for a somewhat turnkey buy and hold?